Suppose you are offered a job with Amazon upon graduation.Your starting salary will be $70,000,which will put you in the 25 percent federal income tax bracket.The total amount of income taxes you pay is $13,530.Your average tax rate is approximately
A) 25.0 percent.
B) 37.5 percent.
C) 31.3 percent.
D) 19.3 percent.
E) 12.5 percent.
Correct Answer:
Verified
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